Advanced Micro Devices Inc. Stock Rises Friday, Outperforms Market

Dow Jones2023-05-27

DJ Advanced Micro Devices Inc. Stock Rises Friday, Outperforms Market

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Advanced Micro Devices Inc. $(AMD)$ advanced 5.55% to $127.03 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.30% to 4,205.45 and the Dow Jones Industrial Average rising 1.00% to 33,093.34.

This was the stock's fifth consecutive day of gains.

Advanced Micro Devices Inc. hit a new 52-week high, surpassing its previous peak of $120.69, which the company achieved on May 25th.

The stock demonstrated a mixed performance when compared to some of its competitors Friday, as NVIDIA Corp. $(NVDA)$ rose 2.54% to $389.46, Intel Corp. $(INTC)$ rose 5.84% to $29.00, and Applied Materials Inc. $(AMAT)$ rose 4.28% to $136.06.

Trading volume (92.2 M) eclipsed its 50-day average volume of 66.3 M.

Data source: Dow Jones Market Data, FactSet. Data compiled May 26, 2023.

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May 26, 2023 16:37 ET (20:37 GMT)

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